The Federal Government has unveiled a new policy framework aimed at deepening private sector participation in economic management, marking a shift from traditional public-private partnerships (PPP) to a broader “public policy–private partnership” approach designed to drive investment-led growth. The Minister of Finance and Coordinating Minister of the […]
Author: Business Nexus
Africa’s $2trn Assets Fail To Boost Infrastructure Investment — Report
Africa’s institutional capital pool rose sharply to more than $2trn in 2025, but the continent continues to struggle to channel these funds into critical infrastructure and industrial development, according to a new report by the Africa Finance Corporation (AFC). The findings, published in the AFC’s latest State […]
HSM Market To Hit $3.51bn By 2031 On Cybersecurity Demand
The global hardware security modules (HSM) market is set for steady expansion, with projections indicating it will reach $3.51bn by 2031, driven by rising cybersecurity investments and increasing demand for robust encryption key management solutions, according to a new report released by Mordor Intelligence. The market, valued […]
Zedcrest Strengthens Institutional Play with Expanded Offerings, New Leadership
From left: Abass Akinsanya, Executive Director, Sales & Business Development, Zedcrest Wealth; Luke Ofojebe, CFA, Chief Investment Officer, Zedcrest Group; Simbiat Bada, Managing Director, Zedcrest Stockbroking; Adedayo Amzat, CFA, Group Managing Director, Zedcrest Group; Ademola Akogun, Managing Director, Zedcrest Investment Banking; Renah Osiemi, Managing Director, Zedcrest Wealth and Joseph Adegunwa, […]
Energia Appoints Oladimeji Bashorun As Chief Executive Officer
Energia Limited has announced the appointment of Oladimeji Bashorun as its Chief Executive Officer (CEO), following the vacancy created by the exit of Mr. Chidi Egonu. Bashorun, who previously served as the company’s Chief Operating Officer (COO), steps into the role following years of providing strategic and operational […]
SEC Orders Asset Freeze On Individuals, Entities Over Terror Links
The Securities and Exchange Commission has directed all capital market operators to immediately freeze assets linked to 10 individuals and three entities newly designated under Nigeria’s sanctions regime, in a move aimed at strengthening efforts to combat terrorism financing. In a circular issued to operators, the […]
Nigeria Cuts Duties On EVs, Buses, Machinery To Boost Economy
The Federal Government has approved sweeping reductions in import duties on electric vehicles, mass transit buses, and key manufacturing inputs, in a bid to cushion rising living costs and support economic activity amid global oil market volatility triggered by geopolitical tensions. The policy directive, approved by President […]
Afreximbank Unveils $10bn Plan To Stabilise Economies Amid Gulf Crisis
The African Export-Import Bank (Afreximbank) has approved a $10bn Gulf Crisis Response Programme (GCRP) aimed at protecting African and Caribbean economies from severe economic disruptions caused by the escalating conflict in the Middle East. The initiative is designed to provide urgent financial support, stabilise critical imports, and […]
Banks Face Rating Pressure Despite Meeting Capital Thresholds —DataPro
Nigerian banks may face increased scrutiny and potential rating pressure despite meeting new regulatory capital requirements, as credit rating assessments shift focus from the size of capital to its quality and resilience, according to DataPro, a technology-driven Credit Rating Agency. In its latest monthly rating brief, the agency […]
Nigeria’s Economic Growth Sustained As PMI Hits 53.2 In March
Nigeria’s economic expansion remained on a steady path in March 2026, as the composite Purchasing Managers’ Index (PMI) rose to 53.2 points, signalling continued growth in business activity across the country, according to the Central Bank of Nigeria (CBN). The latest PMI reading marks the sixteenth consecutive month […]